Boom of the Canadian economy and other news
The most important events from April 3 to 9.
Canadian economy
Inflation began to slow down in the country. In February, it was 5.2%, which is the lowest figure in the last year. Now Canada will aim for a key indicator of 2%. In March, the Bank of Canada for the first time didn't raise its key interest rate, leaving it at the same level of 4.5%.
In addition, the Canadian dollar strengthened against the U.S. dollar due to rising oil prices. This has a positive effect on the country's economy and the population's purchasing power.
Another factor that can positively affect the economy. Large deposits of graphite have been discovered in the country. It is an essential component of electric motors and batteries. With 77 countries committed to a green economy by 2050, graphite will become a critical commodity in global markets in the coming years.
And in March, Canada's labour market added 35,000 new jobs. At the same time, unemployment remains at the level of 5%. Most workplaces appeared in the transport sector, warehouses, business, construction, finance, real estate, rent, and leasing.
Other important news
NASA astronauts will fly to the Moon for the first time since 1972 on a new exploration mission. This time the crew of 4 will include a Canadian astronaut.
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